Bitcoin Forum

Just wanted to share some info with you guys. I been playing with forex trading automatic trader with signals that buy when either over bought/sold signal is detected. Still messing MA settings but I got a profit of 8% today off of 2,000 USD invested.

leverage?!

Are you talking Forex through bitcoin or forex in general on the fiat markets?

The problem I've found with trading forex through bitcoin is when I have to move fiat around.

but there are website which tells when to buy and sell and what to do

screener are good they save lot of time but what indicators we use to screen is important many are lagging and false signal are more we have to judge signals generated , i have developed many like this but using many factors improving to eliminate false signals 

A profit of 8% on such account of $2,000 isn't bad though. MA isn't one of the price action indicators so can mislead. Forex trade is volatile just like bitcoin is but adequate training is the solution to it.

And why are you sharing this with us? Let's see if you manage to keep your 8% profit in one year  ;D

Well, I don't really know what you want to achieve with your post. This is what I will say about forex and bitcoin trading. The two are can be speculated and profit made when doing well.

Forex Trading is very risky, but you could turn those risks into rewards with your knowledge and skills.

8% a day seems good but I'd like to see more of a weekly win-lose chart. There are a lot of signals and copy trading threads everywhere. Keep us posted on your trading bot

Are you talking about the weekly performance of Op ? Well that is cool to ask just not to deceive others of such profit and maybe they look to him for trading signals incase he considers that but apart from that, there are no need to ask for his weekly performance because it is a personal thing and someone can not sell out himself or deceive himself.

so the intent and purpose of your posting forex like what? do you want to compare forex with crypto or do you just provide information if forex is profitable? I do not understand your intent and purpose. can you explain please?

I thought about shorting the dollar on FOREX. But is there anything to short it against? It seems many nations around the world are printing large volumes of fiat, which tends to balance things out. The official value of currencies doesn't fall much in exchange rate. The price of goods increase. The purchasing power of consumers being diminished is where inflation reveals itself.

We need a new FOREX investment vehicle or structure. Which allows citizens to profit from fiat inflation. To balance out consumer purchasing power lost in the process.

The zimbabwe dollar and venezuelan bolivar both need this. Perhaps the american dollar will in the future. That could be worth a nobel prize in economics. Would that be fair to say.

That is a really nice result for the first day, but the result should be sustainable.
Surely, we should know what your risk and money management was. It is important to know in order to make sure that the result was logical enough and can be extrapolated to the future. There are so many occurences in Forex which don't mean anything. Like 8% could be just a matter of good luck and it is not necesseraly that your trading strategy is beneficial and can bring profits in the future.
I really like the idea of trading bots and I do really think that future trading will be occupied with bots because they have so many advantages compared to the human beings. They don't have emotions and they are good at calculation which is of utmost importance in trading, also, they do operations very fast which means that they can do more deals during a trading session.
Trading bots are really nice, but you should understand how they work and be ready to change their way of work if the financial situation requires you to do so.